Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.
below):

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

On February 21, 2011, the Compensation Committee of the Board of Directors of iPass approved changes to the annual base salary for two of iPass named executive officers (the
officers appearing in the summary compensation table in iPass 2010 proxy statement). The new annual base salaries are set forth below:

Officer

Title

Annual Base Salary

Steven H. Gatoff

Senior Vice President and Chief Financial Officer

$ 260,000

Steven Wastie

Senior Vice President, Marketing and Product Management

$ 238,000

2011 Bonus Plan

On
February 21, 2011, the Compensation Committee of the Board of Directors of iPass approved the performance metrics for the iPass 2011 Executive Management Bonus Plan (the Plan).

Annual target bonuses under the Plan for iPass named executive officers are as set forth below:

Officer

Title

Annual Target Bonus

Evan L. Kaplan

President and Chief Executive Officer

$ 350,000

Steven H. Gatoff

Senior Vice President and Chief Financial Officer

$ 115,000

Steven Wastie

Senior Vice President, Marketing and Product Management

$ 137,000

The Plan functions as follows:

The Plan
consists of three principal corporate performance metrics. Each metric has a weighting. The corporate performance metrics and associated weighting are set forth below.

2011

Corporate Performance Metrics

Annual Weighting

# Open Mobile Platform Users

40%

Open Mobile Platform Revenue

30%

Adjusted EBITDA

30%

Bonuses are paid each quarter. The quarterly target bonuses for the Open Mobile Platform Revenue
and Adjusted EBITDA performance metrics are one-fourth of the annual target bonus for those metrics. The bonus with respect to the # Open Mobile Platform Users is calculated for each quarter, as described below, and so the
annual target for this portion of the bonus may be earned in an accelerated manner. For Mr. Kaplan, the quarterly bonus is paid out based 100% on corporate performance metrics. For Messrs. Gatoff and Wastie, the quarterly bonus is paid out
based 80% on corporate performance metrics and 20% on personal objectives. The corporate performance metrics portion of the target bonuses will be paid based on iPass performance against established targets for the metrics. As described
below, the bonus payments in the second and fourth quarters of 2011 will be adjusted based on the results of iPass customer satisfaction program.

# Open Mobile Platform Users means the number of average monthly monetized Open Mobile Platform users, determined consistent with how the number of average monthly monetized users is
calculated and reported in iPass Form 10-Q or Form 10-K, as applicable. The bonus percentage achieved each quarter is equal to the increase in the # Open Mobile Platform Users reported for the quarter divided by the 2011 annual quota
(Quota). If the # Open Mobile Platform Users in the fourth quarter of 2011 exceeds the Quota, an additional bonus equal to the # Open Mobile Platform Users in excess of the Quota divided by the Quota multiplied by the annual weighting
will be earned. However, if enterprise average monthly Open Mobile Platform revenue (calculated each month) is less than $2 per Open Mobile user, the number of enterprise Open Mobile users will be reduced for bonus purposes to a level representing
$2 per enterprise Open Mobile user. There is no lower or upper boundary for this performance metric.

Open Mobile Platform Revenue
means the Open Mobile Platform Revenue as reported in iPass Form 10-Q or Form 10-K, as applicable. In the event the quarterly target metric is met, the target bonus will be paid out at 100%. A lower and an upper boundary have also been
established. In the event only the lower boundary is met, the target bonus will be paid out at 70%. No payment will be made for performance under the lower boundary. In the event the upper boundary is met, the target bonus will be paid out at 200%.
No payment will be made for performance above the upper boundary. Performance between the boundaries and the target metrics will be paid based on a straight-line calculation.

Adjusted EBITDA means Adjusted EBITDA, as reported in iPass Form 10-Q or Form 10-K, as applicable, as further adjusted to remove the impact of foreign exchange gains and/or losses, the
pro forma impact of any strategic transaction and any positive variance on amounts reserved to pay sales taxes, as applicable. In the event the quarterly target metric is met, the target bonus will be paid out at 100%. A lower boundary has also been
established. In the event only the lower boundary is met, the target bonus will be paid out at 70%. No payment will be made for performance under the lower boundary. No payment will be made for performance above the target. Performance between the
boundary and the target metric will be paid based on a straight-line calculation.

The bonus payments earned in the second and fourth quarters
of 2011 will be adjusted +/-10% based on the results of iPass customer satisfaction program. A target and a lower and an upper boundary have been established. In the event the target is achieved, the quarterly bonus earned will not be
adjusted. In the event the lower boundary or below is achieved, the quarterly bonus earned will be reduced by 10%. In the event the upper boundary or above is achieved, the quarterly bonus

earned will be increased by 10%. Adjustments to the earned quarterly bonus between the boundaries and the target metric will be determined based on a straight-line calculation.

The total bonus earned for the year is capped at 200% of the executive officers 2011 annual target bonus.

Restricted Stock Grants

On
February 21, 2011, the Compensation Committee of the Board of Directors of iPass approved grants of 75,000 shares of restricted stock to each of Mr. Gatoff and Mr. Wastie, which grants will vest four years from the date of grant,
subject to accelerated vesting as follows: 20% of the shares shall vest two days after iPass has announced to the public that iPass has had 150,000 or more average monthly Open Mobile (OM) users in a calendar quarter; 20% of the shares
shall vest two days after iPass has announced 300,000 or more average monthly OM users in a calendar quarter; 20% of the shares shall vest two days after iPass has announced 450,000 or more average monthly OM users in a calendar quarter; 20% of the
shares shall vest two days after iPass has announced 600,000 or more average monthly OM users in a calendar quarter; and 20% of the shares shall vest two days after iPass has announced 750,000 or more average monthly OM users in a calendar quarter.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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